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Samunnati completes Rs 381 Cr in Pre-Series E funding

EntrackrEntrackr · 3m ago
Samunnati completes Rs 381 Cr in Pre-Series E funding
Medial

Samunnati, an agri enterprise focused on enabling inclusive growth across agri-value chains, has raised Rs 42.5 crore (around $5 million) in equity from Agri-Biz Capital Delaware LLC. This marks the first equity infusion for FY 2025-26 and brings the total Series E funding to Rs 381 crore. In the previous fiscal year, Samunnati raised $135 million in funding from several lenders, including USDFC, Credit Saison, Tata Capital, Poonawalla Fincorp, Hinduja Leyland Finance, Wint Wealth, Altifi, Alteria Capital, and Anicut Capital. Founded in 2014, Samunnati operates as a specialized agri value chain enabler offering customized financial and non-financial solutions. Its unique approach focuses on addressing the critical gaps in the agriculture ecosystem by linking farmers to markets, facilitating credit access, and improving farm productivity. The company works extensively with Farmer Producer Organizations (FPOs), agri SMEs, and agri-tech firms, serving over 6,000 farmer collectives and impacting millions of smallholder farmers across the country. With its presence in over 100 agri value chains and operations across more than 25 states, Samunnati’s product suite includes working capital finance, trade facilitation, supply chain solutions, capacity building, and market access support.

Findi completes Rs 160 Cr acquisition of BANKIT to expand in India

EntrackrEntrackr · 4m ago
Findi completes Rs 160 Cr acquisition of BANKIT to expand in India
Medial

Findi Ltd, through its subsidiary Transaction Solutions International (India) Pvt Ltd (TSI), has completed the acquisition of BANKIT Services Pvt. Ltd for Rs 160 crore ($18.7 million). The deal aims to expand Findi’s reach in India’s financial services sector. Following the acquisition, Findi now supports over 1.8 lakh merchants across India. BANKIT brings a network of 1.29 lakh merchant partners, covering more than 12,000 pin codes. This addition strengthens Findi’s ability to offer banking and payment services to underbanked areas. Findi plans to use this network to build a platform that combines ATMs, merchant-led services, and digital offerings. The goal is to grow into a full Payments Bank and provide basic financial services to underserved communities. Earlier in 2025, Findi raised Rs 243 crore ($28.4 million) through institutional funding. It also acquired Tata Communications Payment Solutions Limited and signed an agreement with the State Bank of India to expand its ATM presence. In addition, Findi received a Rs 500 crore ($58.1 million) contract from the Union Bank of India to deploy ATMs. Findi and BANKIT will now focus on delivering integrated financial services through local merchants.

Veranda Learning completes first‑ever QIP worth Rs 357 Cr

EntrackrEntrackr · 1m ago
Veranda Learning completes first‑ever QIP worth Rs 357 Cr
Medial

Veranda Learning, an education company offering end-to-end learning solutions across the education value chain, has completed its first-ever Qualified Institutional Placement (QIP), raising Rs 357.42 crores through the issuance of 1,58,71,173 equity shares of face value Rs 10 each. The QIP witnessed participation from domestic and global institutional investors, including Authum Investment, Trust Mutual Fund, Resonance Opportunities Fund, Necta Bloom VCC, Saint Capital Fund, among others. The proceeds will be used to deleverage the balance sheet, including repayment of the Ascertis Credit facility and growth initiatives across verticals, aimed at unlocking long-term shareholder value, Veranda said in a press release. According to Veranda, the demand reflects broad endorsement of its differentiated multi-vertical education model and its long-term growth strategy. Systematix Corporate Services acted as the sole Book-Running Lead Manager for the transaction. Veranda Learning offers a variety of training programs, including competitive exam preparation for exams like State Public Service Commission, Banking, Insurance, Railways, IAS, and CA, as well as professional upskilling courses. The company operates through a multi-modal delivery system, including online, offline, and hybrid formats. Founded in 2018 by the Kalpathi AGS Group, Veranda Learning has a presence across schools, test prep, study abroad, software upskilling, and higher education. Its differentiated pedagogy, multi-modal delivery, and commitment to student outcomes have driven rapid expansion across India. It aims to democratize high-quality education at scale using technology, robust academic frameworks, and outcome-driven models.

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